Compare Interactive brokers vs Dukascopy

Interactive brokers
Interactive brokers
Dukascopy
Dukascopy
Established 1978 Established 2004
Web Web
Country UK Country Switzerland
Regulation Authorised in the European Union (EU) Regulation
Number of CFD asset classes 5 Number of CFD asset classes 6
Broker type ECN, STP Broker type ECN, MM
Support Phone Mail Chat Support Phone Mail Chat
Deposit 10 EUR/USD Deposit 100 EUR/USD
Spreads 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. Spreads 1.02 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change.
Real Stocks and ETFs Real Stocks and ETFs
Platforms Desktop Platform (Windows) Web Platform Platforms MetaTrader 4 (MT4) Desktop Platform (Windows)
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.
Funding methods
Visa/Mastercard Bank Wire
* Some of the payment methods may not be available in your country.

Overall Broker Rating

If you don't want to read the entire comparison, we can say that the winner between Interactive brokers and Dukascopy is Interactive brokers. based on our evaluated parameters.

50%
Interactive brokers
41%
Dukascopy

If you are interested in more rating parameters, you can continue reading the full comparison between these brokers. Our broker comparison is based on available information and parameters, and thus subjective. We recommend exploring other sources.

Broker Comparison: Interactive brokers vs Dukascopy

We compared Interactive brokers and Dukascopy to find out the key differences between these brokers. Our goal was to create a broker comparison to provide an overview of their features, fees, trading platforms, instruments, and more.

Below is the comparison of Interactive brokers VS Dukascopy

In our testing, we evaluated various aspects that we liked, disliked, or were indifferent about. We aimed to be objective and fair in assessing certain features based on what the broker offered compared to how competitive its fees are. Additionally, we created a unique rating system that we use to evaluate all brokers.

Key Broker Parameters

Interactive brokers
  • Currency Pairs: Broker Interactive brokers offers a total of 22 currency pairs.
  • Instruments: You can find over 100+ instruments at broker Interactive brokers.
Dukascopy
  • Currency Pairs: Broker Dukascopy offers a total of 64 currency pairs.
  • Instruments: You can find over 593+ instruments at broker Dukascopy.

Educational Resources and Trading Platforms

Interactive brokers

Educational Resources:

  • Client Webinars
  • ,
  • Has Education – CFDs
  • ,
  • Education
  • ,
  • Has Education – Forex
  • ,
  • Investor Dictionary (Glossary)
  • ,
  • Videos – Advanced Trading Videos
  • .

Trading Platforms:

  • Desktop Platform (Windows)
  • ,
  • Web Platform
  • .
Dukascopy

Educational Resources:

  • Client Webinars
  • ,
  • Has Education – CFDs
  • ,
  • Has Education – Forex
  • .

Trading Platforms:

  • MetaTrader 4 (MT4)
  • ,
  • Desktop Platform (Windows)
  • .

Pros and Cons: Interactive brokers

Pros

Broker Interactive brokers boasts a long and trouble-free history. Moreover, there is no minimum deposit required, which makes it easy to start trading even with smaller amounts. The broker also allows the purchase of fractional shares.

The availability of a demo account will offer testing of strategies without the risk of losses. Another advantage is the wide range of assets available for trading.

  • Extremely low fees
  • Wide range of products
  • Many great research tools
  • Low margin rates
  • No inactivity fee and no withdrawal fee

Cons

The broker has several drawbacks associated with its platform and support. The platform, while sophisticated, can be complex, which can be a problem for newcomers.

  • Complicated account opening process
  • Complex services
  • Understaffed customer service
  • Average CFD and forex fees
  • No bank card availability

Pros and Cons: Dukascopy

Pros

  • Offers a wide range of trading instruments including Forex, metals, cryptocurrencies, CFD on indices, bonds, stocks, and binary options.
  • Dukascopy provides high-quality trading platforms like JForex, MT4, suitable for both manual and automated trading.
  • In addition to trading services, Dukascopy also offers banking services such as e-banking, credit cards, and currency exchange services.

Cons

  • Trading conditions and proposals may vary depending on the country or regulatory authority under which trading takes place.
  • Unlike some other brokers, Dukascopy does not offer the MetaTrader 5 (MT5) platform.
  • Withdrawals may incur fees depending on the currency and withdrawal method.
  • The fee structure is quite complex and varies according to the type of traded instrument and trading volume.

Licenses and Regulations Interactive brokers

Licences and regulation

Interactive Brokers is held in high esteem for its credibility, thanks to its multiple top-tier regulatory endorsements, which include

  • Interactive Brokers Hong Kong LIMITED - SFC (Hong Kong)
  • Interactive Brokers (U.K.) LIMITED - FCA (UK) registration no. 208159
  • Interactive Brokers (INDIA) PVT. LTD - NSE, BSE registration no. NSE: INB/F/E 231288037 (CM/F&O/CD); BSE: INB/F/E 011288033 (CM/F&O/CD)
  • Interactive Brokers Securities Japan INC - FSA (Japan)
  • Interactive Brokers Australia PTY LTD - ASIC (Australia) registration no. ABN 98 166 929 568
  • Interactive Brokers Canada INC - IIROC (Canada)
  • Interactive Brokers LLC - SEC & CFTC (US)

Licenses and Regulations Dukascopy

Licences and regulation

Dukascopy is regulated by the following authorities:

  • Dukascopy Dubai - DFSA (Dubai)
  • Dukascopy Japan K.K. (Type-1 licensed broker) - JFSA (Japan)
  • Dukascopy Europe IBS AS - FCMC (Latvia)
  • Dukascopy Bank - Swiss Financial Market Supervisory Authority FINMA

Investments

# Interactive brokers Dukascopy
Currency Pairs (Total Forex pairs) 22 64
CFDs – Total Offered 100+ 593+
Options CFD Yes No
Share CFDs No No
Forex CFD Yes Yes
Commodities CFD Yes Yes
ETF CFD Yes Yes
Indicies CFD Yes Yes
Cryptocurrency traded as actual No Yes
Cryptocurrency traded as CFD No Yes
Real Stocks and ETFs Yes No
Investments rating 62% 75%
Winner

Cost

# Interactive brokers Dukascopy
Average Spread EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. 1 1.02
Deposit from 10 100
Account fee No No
Inactivity fee Yes Yes
Active Trader or VIP Discounts No No
Withdrawal fees No No
Deposit fees No No
Cost rating 80% 80%
Winner

Trading app

# Interactive brokers Dukascopy
Desktop Platform (Windows) Yes Yes
Web Platform Yes No
Social Trading / Copy-Trading No No
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No No
Currenex No No
cTrader No No
Trading Platforms rating 100% 100%
Winner

Trading Tools

# Interactive brokers Dukascopy
Financial leverage Yes Yes
Virtual Trading (Demo) Yes Yes
Alerts – Basic Fields Yes Yes
Charting – Indicators / Studies (Total) Yes Yes
Charting – Drawing Tools (Total) Yes Yes
Charting – Trade From Chart Yes No
Stop-Loss Yes Yes
Finacial Calendar Yes Yes
Daily financial news Yes Yes
Order Type – Trailing Stop Yes No
Trading Tools rating 100% 80%
Winner

Mobile Trading

# Interactive brokers Dukascopy
Android App Yes Yes
Apple iOS App Yes Yes
Alerts – Basic Fields Yes No
SMS alerts Yes No
Mobile Trading Yes No
Mobile Trading rating 100% 40%
Winner

Research

# Interactive brokers Dukascopy
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Weekly Webinars Yes Yes
Social Sentiment – Currency Pairs No No
Economic Calendar Yes No
Research Yes No
Research rating 83% 50%
Winner

Education

# Interactive brokers Dukascopy
Has Education – Forex Yes Yes
Has Education – CFDs Yes Yes
Client Webinars Yes Yes
Videos – Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes No
Education Yes No
Education rating 100% 50%
Winner

Forex

# Interactive brokers Dukascopy
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Major Forex Pairs rating 100% 100%
Winner

Commodities

# Interactive brokers Dukascopy
Gold Yes No
Silver Yes Yes
WIT Oil Yes Yes
Brent Oil Yes Yes
Coffee Yes Yes
Cocoa Yes Yes
Soybeans Yes No
Rice Yes No
Corn Yes No
Platinum Yes No
Palladium Yes No
Commodities rating 100% 45%
Winner

Indicies

# Interactive brokers Dukascopy
DAX 40 Yes Yes
S&P 500 Yes Yes
Nasdaq Yes Yes
Dow Jones Yes Yes
Nikkei Yes Yes
Indices rating 100% 100%
Winner

Cryptocurrencies

# Interactive brokers Dukascopy
Bitcoin No Yes
Litecoin No Yes
Ethereum No Yes
Ripple No No
Neo No No
Stellar No Yes
Cardano No No
Tron No No
Monero No No
EOS No No
Cryptocurrencies rating 0% 40%
Winner

Regulations

# Interactive brokers Dukascopy
Cysec No No
ASIC (Australia) No No
FCA (UK) No No
Authorised in the European Union (EU) Yes No
CFTC Registered (USA) No No
FINMA (Switzerland) No No
Regulations rating 17% 0%
Winner

Support

# Interactive brokers Dukascopy
Chat Yes Yes
Phone Yes Yes
Mail Yes Yes
Support rating 100% 100%
Winner

Overall

# Interactive brokers Dukascopy
Go to the full broker review Interactive brokers Dukascopy
Win / Loss % 50% 41%
Winner